Possible Loans

How can I get approved for a loan?

Applying for a Possible Loan—or considering it? While we can’t guarantee approval, there are clear steps you can take to improve your chances. Here’s how to set yourself up for success.

1. Keep Your Bank Account Steady

We don’t check your FICO credit score. Instead, we look at your bank activity to understand your financial picture and whether a loan is manageable for you.

What helps:

• Maintain a steady balance in your account
• Avoid frequent overdrafts or negative balances
• Show regular income and consistent spending habits

2. Link the Account Where You Get Paid

To verify income, we need to see where your paycheck is deposited. Linking your primary bank account helps us get an accurate view.

Before you apply:

• Link the account where you receive direct deposits
• Wait to apply if you’ve just switched banks; it helps to have at least three months of recent payroll deposits in your linked bank account
• Ensure the account is in your name and shows recent deposits

3. Borrow Thoughtfully

Your borrowing history plays a key role in our decision-making process. If you’ve had a Possible Loan before, a strong record of on-time payments can work in your favor. At the same time, if you currently have several active loans with other lenders, it may raise concerns about your ability to comfortably manage additional payments. We want to make sure any loan we offer fits safely within your budget.

Here’s what we consider:

• On-time payments on past Possible Loans
• A limited number of recent loans from other lenders
• Using loans to meet real needs—not as an ongoing solution

4. Time Your Application Wisely

Your account balance matters when you apply. Submitting your application before large bills are due can help.

Smart timing tips:

• Apply when your account has a positive balance
• Check for upcoming automatic payments or large expenses

If you’re not approved right away, don’t worry—you can try again. By showing steady income, linking the right account, borrowing with intention, and applying at the right time, you’re setting yourself up for approval—and taking steps toward your financial goals.

 

How can I get approved for a higher amount?

When you apply for a Possible Loan, the amount you request gives us a target but it isn’t guaranteed. We look at several real-time factors to determine what’s manageable for your financial situation so you can stay in control of your finances.

Once your loan is issued, the amount can’t be changed but you may be able to qualify for a higher offer in the future by strengthening your financial profile.

Here’s what helps:

• Consistent income: Regular direct deposits to your linked account
• Healthy account activity: Positive balances and no overdrafts
• Positive repayment history: On-time payments on Possible Loans
• Limited recent borrowing: Fewer active loans or cash advances

Every smart decision—every payment, deposit, and moment of stability—helps shape a stronger application next time. We’re here to support your progress, one step at a time. 

 

How do I view my loan terms before accepting? 

You’ve been approved. Here’s what happens next: 

You’ll see a screen in the app showing how much you’ve been approved for. From there, you can choose to Accept This Offer or Cancel this loan.

Choosing Accept This Offer starts the process, but it doesn’t commit you to the loan yet. You’re not on the hook until you digitally sign the final agreement and choose Accept Your Loan.

Here’s what to expect as you move through the next screens after clicking Accept This Offer:

1. Review your loan details. See the total cost of your loan, including how much you'll repay and when. 

1. Pick where to send the money. Choose a direct deposit to your Primary account or link the debit card associated with your primary bank account to get the money faster.

2. Review your Truth in Lending Act (TILA) disclosure. This shows your APR, any fees or interest, your loan amount and your total repayment amount.

    

1. Set up automatic payments. Learn how AutoPay works and choose whether to authorize electronic payments.

2. Answer a quick survey. Tell us a bit more about why you’re using Possible.

3. Sign your loan agreement. Once you sign and choose Accept Your Loan, your loan is official.

After that, we’ll send the funds to your selected account. Learn more about loan disbursements.

 

Can I increase my current loan amount?

We know having access to funds when you need them is important. However, once you’ve accepted your current loan agreement, we’re unable to make changes to the loan amount or terms.

That said, once you’ve established a positive borrowing history with on-time payments, you’re more likely to be approved for a higher loan amount when you reapply. Our system considers your repayment history, among other factors, to help determine how much we can safely lend at the time of your next application.

Please note: While a positive borrowing history improves your chances, we cannot guarantee approval or an increased loan amount when you reapply. Our algorithms review many factors to make a lending decision. Learn more about how to strengthen your application in the future.

 

Can I change my deposit account?

For security purposes, your loan deposit must be sent to the bank account you used to apply with.

Unfortunately Possible is not able to disburse your loan to a different bank account at this time, for your security. If you want to make your payments with a different account you are more than welcome to add a new bank account for payments after you have received your deposit. All you have to do is link your new account in the app.

 

When will I get my loan?

 

The amount of time your money will take to arrive depends on how you've selected to receive it. You can receive your money through an ACH transaction or with a debit card. 

Money sent by ACH takes 1-2 business days (not including Saturdays, Sundays, or bank holidays) to arrive in your account.

ACH transactions take a little time due to the way automatic transactions work. If it's your expected arrival date and you haven't received your money yet, don't worry! Some banks just take a little longer to process pending transactions. Your money is on its way and should arrive by 5pm PST.

How do you know if you'll receive it in 1 business day, or 2?

• If you accept your loan before 2pm PST, you will receive your money the next business day.
• If you accept your loan after 2pm PST, you will receive money in 2 business days.

For example:

• If you accept your loan on Thursday night or on Friday, your money will arrive on Monday.
• If you accept your loan over the weekend, it will be after 2pm on Friday, so your money will arrive on Tuesday.

If you have a compatible debit card and you haven’t already chosen to receive your money by automatic bank deposit, or ACH, you can add your debit card to receive your money within an hour.

To do this, click on the option to add your debit card. Regardless of the day or time, you should receive your money with an hour with the debit card option. However, please keep in mind that sometimes delays occur and funds can take up to four hours to arrive.

Please note that if you are seeing an error while adding your debit card, you will need to use ACH to receive your funds. In addition, some debit cards may be incompatible at this time. If you're unable to link your debit card, you can still select to receive your money via automatic bank deposit, or ACH.

 

Things to keep in mind

An error in your bank account or routing number could mean that your money will not arrive on time.

Please double-check the last 4 digits of the bank account number on file (you can do so under the profile tab in the app).

If you believe there is an error or you have not received your money by 5 pm PST on the displayed arrival date, please reach out to our Customer Success team using the Contact Us form in the app. We will help you sort out the issue so you can get your money as soon as possible!

 

Possible is Unable to Send Your Money

Occasionally, there may be issues with sending your funds to your bank. If this happens, Possible's team automatically works to get your funds to you. Possible will reattempt to send the funds immediately and if there is any issues, we will contact you. Sit tight, your money is on its way! 

 

How do I know when I've received my loan disbursement? 

The transaction amount should match your loan disbursement and appear around the expected delivery time:

• ACH (or automatic deposits) disbursements arrive in 1-2 business days
  • Some banks allow for instantaneous ACH disbursements, known as Real Time Payments (RTP) so there is a chance your ACH disbursement could arrive sooner
• Debit card (or interchange) disbursements often arrive instantaneously, but may take up to 24 hours
• Check disbursements arrive via mail in standard mailing times (estimated 7 business days)

How to identify the deposit in your bank account:

The transaction description may vary depending on your disbursement method and your bank. Below are some common descriptors to give you an idea of what to look for, but keep in mind, the exact wording might be a little different.

In some cases, the deposit might even show up without “Possible” in the transaction name, so don’t worry if it looks unfamiliar at first as long as the transaction amount matches your expected disbursement amount.

• For ACH disbursement, you may see descriptions such as “ACH” “ACH Electronic Credit”
  • If it’s coming directly from Possible, it may include something like “Possible Finance Payment” or “Possible Financial”
  • If it’s coming from Coastal Community Bank, you may see mention of “Coastal”
• For RTP disbursement, you may see descriptions such as Real time payment, RTP, or instant.
  • For payments coming directly from Possible:
    • REAL TIME PAYMENT CREDIT RECD FROM ABA/CONTRA BNK-043000096 FROM: BNF- POSSIBLE FINANCIAL or
    • Instant Pmt from POSSIBLE FINANCIAL INC on 02/05 REF#202502050430000961P1BAAAA00193284035
  • For payments coming from Coastal Community Bank
    • HIP Credit RCVD from COASTAL COM
    • REAL TIME DEPOSIT - COASTAL COMMUNITY BANK COASTAL COMMUNITY REAL TIME DEPOSIT
    • REAL TIME PAYMENT CREDIT RECD FROM ABA/CONTR BNK-043000096 FROM:BNF-COASTAL COMMUNITY BANK
• For debit card disbursement, you may see descriptions such as “CARD SEATTLE WA” or “DEBIT CARD CREDIT CARD SEATTLE WA.”
  • You may also see something that mentions Coastal bank such as: XX5974 POS CREDIT ADJ. 05/13 20:14 Coastal Community Everett WA LPPFD XX16

 

Possible Cards

How Can I Get Approved for a Card?

Possible’s algorithms determine if the applicant will be approved for a card.

Here are some tips for increasing your chances of approval:

• Minimum monthly income: an income of at least $1000 per month is ideal.
• Bank account balance: you should have a positive bank balance; the higher your bank account balance is when you apply, the better!
• Consistency of income deposits over time: the more, the merrier; we like to see at least two months of income history.
• Returned checks or insufficient funds (NSF) fees: keep these to a minimum; frequent returns could be a sign that payments to Possible will be returned too.
• Maintain a healthy amount of 'available credit'. Having multiple lines of credit (like loans) could mean that you're overextended.
• Monthly cash flow analysis: if your account is being drained too quickly could mean that you're overextended.
• Previous loan repayment history with Possible: the best way to increase your card approval chance if you’ve had a loan with us in the past is to repay your Possible loans on time, in full, and without any returns.
• A linked bank account: since we don’t rely on your credit scores, we refer to your bank account history.
  • If you are having issues linking a bank account, refer to this support section on bank linking.

Please note that while we do our best to help as many of our customers as Possible, completing the prior steps does not guarantee approval.

 

Card Application Approvals

Congratulations on your approval for the Possible Card! Once you are approved, you will receive an SMS and email notification confirming your approval status. When you receive those messages you can go into the Possible application to review the card offer and sign your card-holder agreement.

In the Possible app, select the option for “Activate My Card” to access these documents.

Once you begin reviewing your card offer, you can learn about repayment options, set up your automatic payment dates, review our terms and conditions, and activate your Possible card.

 

How to Activate Your Possible Card

Once you are approved, we have three options for card activation for your convenience.

For the most rapid activation experience, simply go into the Possible app, and select the option for “Activate My Card.”

You can also call the number on the back of the card and follow the prompts to activate your card.

Alternatively, you can call the number on the back of the card and follow the prompts to reach a live associate who will be happy to activate your card for you.